8. Which of the following surrendered their “in-principle” to launch payments banks?

A. Cholamandalam Distribution Services

B. Dilip Shanghvi, Sun Pharmaceuticals

C. Tech Mahindra

D. All of the Above

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9. The “in-principle” license is valid for _____months within which the entities must fulfil the requirements.

A. 12 Months

B. 14 Months

C. 18 Months

D. 24 Months

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10. _______ percentage of Payment Bank’s branches must be in the unbanked rural area.

A. 25%

B. 10%

C. 15%

D. 20%

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11. SEBI is a/an ________

A. Constitutional body

B. Advisory body

C. non-statutory body

D. Statutory body

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12. Which of the following is the Regulator of the credit rating agencies in India ?

A. RBI

B. SEBI

C. SIDBI

D. GOI

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13. Securities Appellate Tribunal is a/an __________ established under the provisions of Section 15K of the Securities and Exchange Board of India Act, 1992

A. Constitutional body

B. Advisory body

C. non-statutory body

D. Statutory body

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14. Which of the following policies is known as Annual Policy Statement?

A. Annual budget of central government

B. Credit and Monetary Policy of RBI

C. Foreign trade policy of DGFT

D. Regulations issued by SEBI

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15. The Monetary Authority in India, viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as viz Reserve Bank of India is bound to maintain a reserve against the notes issued, Whatever may be the mount. This system is called as
__________

A. Minimum Reserve System

B. Proportional Reserve System

C. Maximum Fiduciary Issue system

D. Simple deposit system

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16. Which of the following services is NOT provided by the post offices in India ?

A. Savings Bank Scheme

B. Retailing of Mutual Funds

C. Sale of stamp Papers (Judicial)

D. Issuance of Demand Drafts

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17. Which of the following is a function of SEBI?

A. to approve by-laws of stock exchanges.

B. inspect the books of accounts of financial intermediaries.

C. to require the stock exchange to amend their by-laws.

D. compel certain companies to list their shares in one or more stock exchanges.

E. All of the Above

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18. Credit rating _______

A. is used to rate the borrowers while giving advances

B. is used to work out performance of the employees

C. is used to calculate the number of excellent audit rated branches

D. is not used in any bank

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19. The section 4 of the Negotiable Instruments Act, 1881 deals with ________

A. Cheque

B. Bills of Exchange

C. Promissory Note

D. All of the Above

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20. Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques?

A. Section 4

B. Section 5

C. Section 6

D. Section 7

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21. Which of the following service(s) is/are available in small finance banks?

A. Providing loans

B. Acceptance of deposits

C. Setting up of Subsidiaries

D. Both (A) and (B)

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22. Small finance banks are a type of ______ banks in our country.

A. niche

B. investment

C. industrial

D. All of the Above

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23. According to RBI Regulations, which of the following are allowed to set up small finance banks?

A. NBFC

B. MFI

C. LAB

D. All of the Above

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24. Reserve Bank of India gave provisional licences to _______ entities to launch small finance banks.

A. 10

B. 11

C. 12

D. 13

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25. The small finance banks will be licensed under ______ of the Banking Regulation Act, 1949.

A. Section 21

B. Section 22

C. Section 23

D. Section 24

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26. An external advisory committee headed by _______ evaluated the license applications for small finance banks.

A. NR Madhavan Menon

B. Usha Thorat

C. Nachiket Mor

D. Y.H. Melagam

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27. ______ Percentage of Foreign shareholding will be allowed in small finance banks as per the rules for FDI in private banks in India

A. 64%

B. 74%

C. 61%

D. 50%

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28. Minimum paid-up capital of small finance banks is _______

A. 100 crore

B. 200 Crore

C. 500 crore

D. 1000 crore

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29. Which of the following can be provided by small finance banks

A. Mutual Funds

B. Insurance Products

C. Third Party financial products

D. All of the Above

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30. Maximum loan size to a single person cannot exceed ________ of total capital funds.